Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9224 E Duck Lake Road Suttons Bay, MI 49682

    View on Map
    For Sale
    $5,400,000

    Other - Suttons Bay, MI

    Property size:
    1,783 SF
    Lot size:
    149.80 Acres
    Added:
    Nov 26, 2025
    Days on Market:
    126
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 9224 E Duck Lake Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Agricultural
    Standard status
    Active
    Size
    1,783 SF
    Lot size
    149.80 Acres

    Utilities

    Heating system
    Hot Water (Heating)

    Building Details

    Year built
    1910
    Roof type
    Asphalt, Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Brian McGillivary
    Brian McGillivary

    Listing agent Brian McGillivary

    Listing office Berkshire Hathaway Homeservices - TC 630 E. Front Street, Suite 200, Traverse City, MI

    Listing date Nov 26, 2025

    MLS# 1940809 Listing URL

    Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Large Acreage Parcel with Water Views

    This large acreage parcel offers panoramic water views and potential, located less than a mile from Grand Traverse Bay and downtown Suttons Bay, and within 30 minutes of Traverse City. The property is also within view of Sleeping Bear Dunes National Lakeshore. Approximately two-thirds of the acreage provides views of Grand Traverse Bay, with the highest elevations capturing vistas of Lake Leelanau, Lake Michigan, the Manitou Islands, and Pyramid Point. Existing structures include a 1783 square foot farmhouse with an attached garage, two early-1900s wood barns, a double pole barn, additional outbuildings, and three wells. The property is suitable for development of water-view homes, a luxury RV resort, winery, equestrian facility, or a private estate. The property touches the Village of Suttons Bay on the southeast corner along Smyseth Road. The total lot size is 149.8 acres. Owners are open to selling the property as three separate parcels of various sizes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Department Store Food Market Garden Center Discount Store Bakery Wine and Liquor Store Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Suttons Bay
    County
    Leelanau
    State
    Michigan
    Longitude
    -85.661583
    Latitude
    44.987283

    Nearby Similar for Sale

    • $999,000
      3,187 SF

      Operating Retail Store on M-22

      Operating liquor and convenience store on M-22 corridor.
      1375 West Bay Shore Drive, Suttons Bay, MI 49682
      View Details
    • $42,000

      Land in Blue Water Ridge

      1.46 acre lot near Suttons Bay amenities.
      1949 N Blue Water Court, Suttons Bay, MI 49682
      View Details
    • $139,500

      Creekside Lot in Suttons Bay

      Private 1.84-acre lot with creek frontage near Suttons Bay.
      2164 N Belanger Creek Drive, Suttons Bay, MI 49682
      View Details
    • $210,000

      Suttons Bay Vacant Land Opportunity

      Premier building site with water views near Suttons Bay.
      1881 N Blue Water Court, Suttons Bay, MI 49682
      View Details
    • $5,000,000
      25,612 SF

      Leelanau Peninsula Winery and Vineyard

      Turn-key winery with award-winning wines on 171.57 acres.
      9580 E Shady Lane, Suttons Bay, MI 49682
      View Details
    • $198,500

      Creekside Lot in Suttons Bay

      Private 2.05-acre lot with creek frontage near Suttons Bay.
      2171 N Belanger Creek Drive, Suttons Bay, MI 49682
      View Details
    • $89,400

      Suttons Bay Building Site

      1.29 acre building site with bay views and creek frontage.
      2155 N Belanger Creek Drive, Suttons Bay, MI 49682
      View Details
    • $350,000

      Suttons Bay Vacant Waterfront Land

      1.02 acres with 120 feet of private frontage.
      5380 S West Bay Shore, Suttons Bay, MI 49682
      View Details
    • $400,000

      Suttons Bay Vacant Land Opportunity

      2.3 acre build-ready parcel with West Bay frontage.
      5368 S West Bay Shore, Suttons Bay, MI 49682
      View Details
    • $2,950,000

      Breathtaking Farmland Development Opportunity

      72 acres of high-elevation farmland with sweeping, multi-directional views.
      Parcel C E Duck Lake Road, Suttons Bay, MI 49682
      View Details
    • $75,000

      Vacant Land in Blue Water Ridge

      Residential land for sale in Suttons Bay, Michigan.
      1909 N Blue Water Court, Suttons Bay, MI 49682
      View Details
    • $1,600,000

      Expansive Farmland with Water Views

      Remarkable 46.5-acre tract of rolling farmland with water views.
      Parcel B E Duck Lake Road, Suttons Bay, MI 49682
      View Details

    FAQs

    What type of property is this?
    Farm - Exceptional land with panoramic water views near Grand Traverse Bay.
    Where is this farm located?
    The property is located at 9224 E Duck Lake Road Suttons Bay, MI.
    What is the asking price?
    The asking price for this property is $5,400,000.
    What are key features of this property?
    This property features: **Panoramic water views** of Grand Traverse Bay, Lake Leelanau, Lake Michigan, Manitou Islands, and Pyramid Point.; Large acreage parcel with unlimited development potential.; Prime location: less than a mile from Grand Traverse Bay and downtown Suttons Bay, and less than 30 minutes from Traverse City.
    (231) 360-3320
    We can help!
    Listing Contact
    Brian McGillivary
    Brian McGillivary
    Real Estate License ID: 6501411059
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!